A White House economic adviser told reporters that economic growth could turn negative by as much as 20-30 % as the country is battered by the coronavirus pandemic
NEW YORK/CHICAGO - Another wave of U.S. states are preparing to lift coronavirus restrictions this week against the warnings of many public health experts as the White House sees this month’s jobless rate hitting 16% or higher.
Georgia, Oklahoma, Alaska and South Carolina have already taken steps to restart their economies following a month of government-ordered lockdowns. “I think the next couple of months are going to look terrible,” Hassett said on Sunday. “You’re going to see numbers as bad as anything we’ve ever seen before.”
Montana, which reported three new cases on Sunday, is allowing businesses to reopen Monday if they limit capacity and practice social distancing, while Minnesota will let some businesses restart on Monday, allowing 80,000 to 100,000 people in the industrial, manufacturing and office jobs to go back to work.
“I would stay home if the government encouraged that, but they’re not, they’re saying ‘Hey, the best thing to do is go back to work, even though it might be risky,’” said Rose, 39, sitting inside her salon in a wood-sided building on a leafy street in the farming and oil town.
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